The European Parliament approved last week the EU’s recovery and resilience facility, paving the way for the release of 672.5 billion euros in funding to be allocated to member states to recover after the Covid-19 pandemic subsides with a focus on green and digital transitions. The regulation establishing the new facility will come into force […]
The bilateral agreements between Greece and Israel, and Cyprus and Israel that enable restriction-free admission are paving the way for a return to travel, said Greek Tourism Minister Harry Theoharis in an interview to Kathimerini Cyprus. “The agreement we just signed with Israel serves as a model for our overall strategy. Greece is advancing in […]
Photo Source: GTP Greece’s passenger shipping sector is set to receive extra funds to address the impact of the coronavirus pandemic. Shipping Minister Yiannis Plakiotakis on Monday announced that the ministry had secured 12 million euros in funds to be channelled into Greek shipping companies active in coastal transport. The minister underlined the crucial role of
Athens, Syntagma square. Photo: Visit Greece / Y. Skoulas Greece’s leading think-tank the Foundation of Economic and Industrial Research (IOBE) revised downward this week Greek government forecasts for a 4.8 percent rebound in 2021 lowering the projection to a 4-4.3 percent rate in its baseline scenario. The forecast, presented in the IOBE’s quarterly report, is […]
Photo source: easyJet PLC British low-cost carrier easyJet PLC agreed to a new 1.87 billion dollar five-year term loan with a syndicate of banks which will boost company liquidity in the aftermath of Covid-19. The airline added that it would repay and cancel part of its shorter-term debt in the first quarter of the year, […]
Syntagma Square, Athens © Maria Theofanopoulou Greek consumer confidence appears to have picked up slightly in December after five months of continuous decline due to Covid-19 lockdown restrictions, according to the Foundation of Economic and Industrial Research (IOBE). More specifically, according to the influential think tank’s latest bulletin, the economic climate
Source: UNWTO The year 2020 will go down in history as the worst year on record for the tourism sector with the World Tourism Organization (UNWTO) expecting international arrivals hit by Covid-19 restrictions to plummet by 70 to 75 percent. Based on this forecast, global tourism will have returned to levels recorded 30 years ago, down […]
Setting a specific date as well as defining mode of operation are among the recommendations made by the Athens Traders Association (ESA) so as to ensure the smooth re-opening of Athens shops ahead of the holiday season. In letter this week to Prime Minister Kyriakos Mitsotakis, ESA President Stavros Kafounis is proposing that: – all […]
In efforts to address overcrowding on public transport and to curb the spread of Covid-19 once lockdown measures are lifted, Greek Infrastructure and Transport Minister Kostas Karamanlis announced on Tuesday, an increase in vehicles and routes. Speaking on public broadcaster ERT, Karamanlis said efforts were being made to boost frequency of metro and bus services […]
Due to the ongoing travel restrictions as a result of the coronavirus (Covid-19) pandemic, Messe Berlin (Singapore), the organiser of ITB India, has decided to hold the inaugural ITB India 2021 as an entirely virtual event from 7 – 9 April 2021. ITB India 2021 Virtual will be hosted on ITB Community in Asia (ITB […]